Cantor Fitzgerald Investment Advisors L.P. Lowers Stake in Kohl’s Co. (NYSE:KSS)

Cantor Fitzgerald Investment Advisors L.P. cut its position in Kohl’s Co. (NYSE:KSS) by 62.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,295 shares of the company’s stock after selling 129,478 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Kohl’s were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KSS. Pacer Advisors Inc. grew its position in shares of Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after purchasing an additional 9,925,878 shares in the last quarter. FMR LLC grew its holdings in Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after buying an additional 740,398 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kohl’s by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock valued at $38,541,000 after buying an additional 91,608 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Kohl’s by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company’s stock worth $36,208,000 after acquiring an additional 101,480 shares during the last quarter. Finally, Invenomic Capital Management LP grew its stake in Kohl’s by 15.6% during the third quarter. Invenomic Capital Management LP now owns 1,033,912 shares of the company’s stock valued at $21,816,000 after acquiring an additional 139,519 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KSS. TD Cowen lowered their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, November 25th. Citigroup reduced their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. Finally, Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.70.

Kohl’s Trading Down 5.4 %

Kohl’s stock opened at $12.08 on Friday. Kohl’s Co. has a 52 week low of $12.06 and a 52 week high of $29.60. The stock has a 50-day moving average price of $13.94 and a 200 day moving average price of $17.41. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 5.44 and a beta of 1.85.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts anticipate that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 16.56%. Kohl’s’s payout ratio is 90.09%.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Kohl’s Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.